Largest Chinese public companies as of 2023, by market value

With the growth of the Chinese economy, an increasing number of Chinese companies are appearing on the Forbes Global 2000 list. Tencent Holdings, ranking 1st on the list, was the Chinese company with the largest market value. Its market value amounted to around 4145.4 billion U.S. dollars in 2023.

Chinese companies on Forbes Global 2000

China had the second highest number of companies on this list, trailing behind the United States. Among the first ten public companies on the Global 2000 ranking, three were companies headquartered in China. The Industrial and Commercial Bank of China (ICBC) ranked as first Chinese enterprise on Forbes Global 2000 ranking. The leading four Chinese companies on the 2022 ranking are all from the financial sector.

The rise of China's tech-giants

Besides companies from the financial sector and energy sector, China's biggest internet companies Tencent and Alibaba also had good rankings. Both companies have grown significantly over the past years due to the rapid development of the internet business sector and the huge market in China. However, they have fallen back in the global ranking recently due to Beijing's tightened control of the tech sector. Both companies are investing a lot in the application of artificial intelligence to improve their working efficiency and clients’ experience.